Recently, both Brazil and Italy have seen changes in trade and immigration policies. Italy has adjusted tariffs on certain imports, potentially increasing the cost of Brazilian exports like coffee, agricultural goods, and leather products. This indirectly impacts Brazilian students and residents in Italy, making cross-border transfers — particularly the Brazilian Real to Euro (Italy) exchange — more frequent.

At the same time, Italy has tightened visa scrutiny for non-EU citizens. This has led to more frequent tuition and living expense transfers, making security, low fees, and competitive exchange rates critical priorities for individuals.

The Drawbacks of Traditional Options like Wise

Wise (formerly transferwise) is a well-known platform, but for volatile currency pairs like BRL to EUR (Italy), it has some limitations:

• Not always the lowest cost — fees are transparent but can add up for frequent small transfers.

• Slower transfers in some cases — 1–2 business days for certain transactions.

• Exchange rate gaps — locked-in rates may differ from the most competitive market rates during volatility.

More critically, using unofficial channels for currency exchange can expose users to scams involving “too-good-to-be-true” rates and frozen funds — often impossible to recover.

Why Panda Remit is the Safer, Smarter Choice for Personal Transfers

For personal needs like tuition and family support, Panda Remit offers multiple advantages:

1. Save on Fees — First transfer is free, with subsequent fees generally lower than banks and Wise.

2. Better Exchange Rates — Real-time optimized rates for BRL to EUR (Italy), ideal for large tuition transfers.

3. Safety & Compliance — Licensed in multiple countries, strict KYC and AML policies help users avoid exchange scams.

4. Fast Delivery — Transfers can arrive in as little as 2 minutes.

5. Secure Process — Exchange rates can be checked on the website, but transfers are only processed through the official App for maximum security.

Cost & Speed Comparison

According to the World Bank’s 2024 Remittance Prices Worldwide, average bank transfer costs are 6.24%, Wise averages 0.7%–1.5%, while Panda Remit offers 0% for first transfers and around 0.35%–0.6% thereafter — with delivery as fast as 2 minutes.

Conclusion & Offer

With shifting tariffs, immigration rules, and rising scam risks, the right remittance tool should save you money while protecting your funds.

Sign up for Panda Remit now and enjoy your first transfer with zero fees!